All articles tagged with #business closure
McDonald's is ending its partnership with Krispy Kreme due to insufficient demand for Krispy Kreme doughnuts in McDonald's locations, after a trial period that began in March 2024. The partnership, which aimed to bring Krispy Kreme doughnuts to nearly 14,000 U.S. stores, will conclude on July 2, with Krispy Kreme continuing to sell its products through other retail channels.
Absolute Bagels, a long-standing bagel shop on the Upper West Side of New York, has abruptly closed after 30 years. The closure coincides with a recent health inspection that reported significant violations, including evidence of rats and live roaches. The shop's owner, Sam Thongkrieng, a Thai immigrant who opened the store in 1992, is leaving the space, and efforts are underway to replace it with another bagel store.
A beloved bagel shop on the Upper West Side of New York City has closed, causing significant upset among local residents who cherished the establishment as a community staple.
Aerosmith drummer Joey Kramer announced the closure of his organic coffee line, Rockin’ & Roastin’, citing the impact of COVID-19, rising business costs, and personal loss as reasons. Despite his passion for coffee, Kramer decided to shut down the business, which he started in 2012, after struggling to recover from these challenges. He expressed gratitude to his customers and will fulfill all orders received by November 30.
Forward, a startup known for its 'Doctor in a Box' healthcare modules, is shutting down. The company aimed to revolutionize healthcare delivery through innovative, tech-driven solutions but is ceasing operations due to undisclosed reasons.
Russian cybersecurity firm Kaspersky Lab will shut down its U.S. operations starting July 20, 2024, and lay off fewer than 50 employees due to U.S. sanctions and national security concerns. The U.S. Treasury and Commerce Departments have sanctioned Kaspersky executives and banned the company from selling its software in the U.S., citing risks from the Russian government's potential influence over Kaspersky's operations.
The Hillsboro LaRosa’s pizzeria has closed after nearly six years due to inconsistent sales, with customers able to redeem gift cards at other locations in the Greater Cincinnati or Northern Kentucky Area.
The Buffalo Wild Wings in downtown Portland closed after the city terminated its lease due to unpaid rent following the closure of a parking garage above the business. The franchise owner claimed the closure of the garage, due to increased crime and lack of use, violated their lease agreement, but the city contended that the garage was not included in the lease. The business had missed $118,349 in rent payments since August, and the city terminated the lease, expressing hope to find a new tenant for the space.
Refresco Beverages is closing its Evansville location, resulting in 45 layoffs. The closure will occur in two phases, with 36 employees being laid off at the end of March and the remaining eight at the end of April. The affected employees will receive separation benefits.
Late-night businesses in Broad Ripple, Indianapolis, have agreed to close their doors at 1 a.m. until further notice following a shooting that left three people dead. The decision aims to eliminate an overbearing entertainment atmosphere that often attracts guests with no intention of patronizing the establishments. The Broad Ripple Village Association has also requested a gun-free zone for Friday and Saturday nights through August 31st, with the details of enforcement yet to be announced. The victims of the shooting have been identified as Tywain Henning, Kaleyia Preer, and Christopher Lee Wilson Jr.
Businesses and workers in Florida and across the country plan to close or not work on Thursday in protest of a new immigration law signed in Florida. The law suspends businesses' licenses if they hire illegal immigrants and funds a program to transport illegal immigrants to other states. The movement has spread on social media and goes beyond just restaurants, with landscaping companies also closing due to difficulty finding employees.
Weight loss company Jenny Craig is going out of business, marking the end of an era for the diet industry. The company, which was founded in 1983, had been struggling in recent years due to increased competition from other weight loss programs and the rise of wellness trends. The closure of Jenny Craig highlights the changing landscape of the diet industry and the growing emphasis on overall health and wellness rather than just weight loss.